Thursday, December 01, 2005

Quarterly earnings and short eye sight wallstreet

Some academics and prominent business executives, including Berkshire Hathaway Inc. chief executive Warren E. Buffett, have said Wall Street's relentless focus on whether companies hit or miss quarterly earnings targets encourages balance-sheet manipulation and discourages long-range planning. Buffett is a board member and major shareholder of The Washington Post Co., which does not offer quarterly guidance.

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